The analysis focuses on BTCUSD, presenting two potential pathways. The analyst indicates a potential five-wave move up that may have completed when the price hit the all-time high, and then a wave two pullback and the low in August being a B wave instead of a wave four. A key support level is at $114,471, and holding above this is critical. Breaking below this level could signal a bearish trend: a five-wave move down followed by a corrective rally. The analyst states that a lower high on the price chart and the RSI would be bearish. RSI on the one-hour timeframe indicates a bullish divergence supporting a potential turnaround. The level of $116,930.96 must hold, also no sign really that this B wave bounce has started.